Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Issues Earnings Results

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) released its quarterly earnings results on Tuesday. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19, Zacks reports. Grupo Financiero Banorte SAB de CV had a return on equity of 21.99% and a net margin of 12.92%.

Grupo Financiero Banorte SAB de CV Trading Up 2.3%

OTCMKTS GBOOY traded up $1.24 during trading on Tuesday, hitting $55.15. The stock had a trading volume of 74,776 shares, compared to its average volume of 56,479. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $31.03 billion, a PE ratio of 10.54, a PEG ratio of 1.53 and a beta of 0.83. The firm has a 50 day moving average price of $48.53 and a 200 day moving average price of $47.26. Grupo Financiero Banorte SAB de CV has a twelve month low of $32.00 and a twelve month high of $56.06.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.